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Exhibit 4.1

# FORM OF DIRECTOR AND
OFFICER INDEMNITY AGREEMENT

AGREEMENT,dated as of
___________________, between Eltek Ltd., an Israeli company (the
Company), and ______________________________ [insert name of officer], the
_____________________________ [insert position of the officer] of the Company (the
Indemnitee).

|WHEREAS, |  | Indemnitee
is a director and/or officer of the Company;
|-------- |  | -------------------------------------------------------

|WHEREAS, |  | the
Articles of Association of the Company  authorize the Company to indemnify and advance
expenses                      to its directors and officers to the fullest extent
permitted by law;
|-------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|WHEREAS, |  | the
Audit  Committee  of the Company,  the Board of Directors of the Company and the
 Shareholders,                      have  approved  the terms of this  Agreement  and
have  authorized  the  Company  to enter  into an                      agreement
 containing such terms with the Indemnitee,  as required under  applicable  provisions of
                     Israeli law; and
|-------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

NOW, THEREFORE,the parties
hereto agree as follows:

|1. | INDEMNIFICATION
AND ADVANCEMENT OF EXPENSES.
|-- | --------------------------------------------

| | 1.1. | Without
derogating from the Companys right to indemnify the Indemnitee
               retroactively pursuant to its Articles of Association, the Company hereby
agrees                and undertakes to indemnify the Indemnitee to the fullest extent
permitted by                applicable law, for any liability and expense specified in
Sections 1.1.1 and                1.1.2 below (the Indemnifiable Expenses)
that may be imposed                on Indemnitee due to an act performed or failure to
act by him in his capacity                as an Office Holder, as such term is defined in
the Companies Law                57591999 (the Companies Law),
or due to any event or                occurrence related to the fact that Indemnitee is
or was an Office Holder, agent                or fiduciary of the Company or any
subsidiary of the Company or any entity in                which Indemnitee serves as an
Office Holder or an agent or fiduciary at the                request of the Company or
any subsidiary of the Company, except in the event                that the Indemnitee is
separately covered and/or indemnified under such duty,                either prior to or
after the date hereof (the following, as set forth in                schedule A, shall be
hereinafter referred to as Indemnifiable                Events):
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.1.1. | A
financial liability imposed on Indemnitee in favor of a third party in a
               judgment (which third parties include, without limitation and to the
fullest                extent permitted by applicable law, any governmental entity),
including a                compromise judgment given as a result of a settlement or an
arbitrators                award which has been confirmed by a court (the Judgment
               Liability); and
| | ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.1.2. | Reasonable
litigation Expenses (to be paid either to the Indemnitee or if the                Company
so determines, at its sole discretion, directly to the Indemnitees
               legal and other advisors) expended by an Indemnitee or which were imposed
on an                Indemnitee by a court in proceedings instituted against him by the
Company or in                its name or by any other person or in relation to a criminal
charge from which                he was acquitted or in a criminal proceeding in which he
was convicted of a                criminal offense that does not require proof of
criminal intent (the Litigation Expenses).
| | ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| | For
the purpose of this Agreement, Expenses shall include attorneys fees
and all other costs, expenses and obligations paid or incurred in connection with
investigating, defending, being a witness in or participating in (including on appeal),
or preparing to defend, be a witness in or participate in any claim relating to any
Indemnifiable Event.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.1.3. | The
total amount of indemnification that the Company undertakes towards all
               persons whom it has resolved to indemnify pursuant to the above
resolutions,                jointly and in the aggregate, shall not exceed an amount
equal to two million US                dollars (US$2M) but in no case more than twenty
five percent (25%) of the net                equity of the Company (the Liability
Cap).
| | ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.2. | Notwithstanding
anything herein to the contrary, the indemnification undertaking given by
the Company hereunder, for all liabilities, damages, losses, costs and
expenses (any of the foregoing Damages) incurred by or
asserted against the Indemnitee shall be only with respect to events
described in Schedule A hereto.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.3. | If
so requested by Indemnitee, and subject to the Companys reimbursement
               right set forth below, the Company shall and hereby undertakes to advance
an                amount (or amounts) estimated by the Company to cover Indemnitees
               reasonable Expenses with respect to which Indemnitee is entitled to be
               indemnified under Section 1.1 above.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.4. | In
cases in which it might be determined that the Indemnitee is not entitled to
               be indemnified according to this Agreement, the advance of Indemniteess
               Expenses as described in Section 1.3 above, shall only be paid to the
Indemnitee                by the Company after the Indemnitee had provided the Company,
in advance, with                satisfactory guaranties (Guaranties)
(as determined by the                Company in its sole discretion) which shall
correspond to the amount of the                advance of Indemniteess Expenses.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.5. | The
Companys obligation to indemnify the Indemnitee and advance expenses
               in accordance with this Agreement shall be for such period (the
               Indemnification Period) as Indemnitee shall be subject
to any                possible claim or threatened, pending or completed action, suit or
proceeding or                any inquiry or investigation, whether civil, criminal or
investigative, arising                out of the Indemnitees service in the
positions described in Section 1.1                above, whether or not Indemnitee is
still serving in such positions.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.6. | The
Company undertakes that as long as it may be obligated to provide
               indemnification and advance Expenses under this Agreement, the Company
shall                make its best efforts to purchase and maintain in effect directors
and officers                liability insurance providing coverage in amounts as
determined by the Board of                Directors of the Company in its sole
discretion.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|2. | SPECIFIC
LIMITATIONS ON INDEMNIFICATION.
|-- | ----------------------------------------

| | Subject
to the provisions of the Companies Law and notwithstanding anything to the contrary in
this Agreement, the Company shall not indemnify or advance Expenses to the Indemnitee or
release the Indemnitee with respect to any of the following:
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.1.1. | Breach
of Fiduciary Duty. A breach of the Indemnitees fiduciary                duty,
except, to the extent permitted under the Companies Law, for a breach of a
               fiduciary duty while the Indemnitee acted in good faith and had reasonable
               grounds to assume that such act would not harm the Companys
interests;
| | ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.1.2. | Breach
of Duty of Care. A willful and intentional or reckless breach of                the
duty of care towards the Company.
| | ------ | ----------------------------------------------------------------------------------------------------------------------------

| | 2.1.3. | Personal
Gain. An action taken by the Indemnitee with the intent of                realizing
unlawful personal gain; or
| | ------ | -----------------------------------------------------------------------------------------------------------------------

| | 2.1.4. | Fine
or Penalty. A fine or penalty imposed upon the Indemnitee.
| | ------ | ---------------------------------------------------------------

| | 2.1.5. | Counterclaim.
A counterclaim made by the Company or in its name in                connection with a
claim against the Company filed by the Indemnitee.
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.1.6. | Unlawful
Indemnification. To indemnify an Indemnitee if a final decision                by a
court having jurisdiction in the matter shall determine that such
               indemnification is not lawful.
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.1.7. | Non-cooperation.
Non-cooperating Indemnitee, unwillingness to provide the                Company with such
information and cooperation as it may reasonably require.
| | ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3. | GENERAL
LIMITATIONS ON INDEMNIFICATION.
|-- | ---------------------------------------

| | If,
when and to the extent that a final judicial determination is made, as to which all
rights of appeal therefrom have been exhausted or lapsed, that the Indemnitee would not
be permitted to be so indemnified as provided under this Agreement, the Company shall be
entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for
all such amounts theretofore paid.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4. | NO
MODIFICATION.
|-- | ----------------

| | No
supplement, modification or amendment of this Agreement shall be binding unless executed
in writing by both of the parties hereto. No waiver of any of the provisions of this
Agreement shall be deemed or shall constitute a waiver of any other provisions hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver. Any waiver
shall be in writing.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|5. | SUBROGATION.
|-- | ------------

| | In
the event of payment under this Agreement, the Company shall be subrogated to the extent
of such payment to all of the rights of recovery of Indemnitee, who shall execute all
papers required and shall do everything that may be necessary to secure such rights,
including the execution of such documents necessary to enable the Company effectively to
bring suit to enforce such rights.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6. | REIMBURSEMENT.
|-- | --------------

| | The
Company shall not be liable under this Agreement to make any payment in connection with
any claim made against Indemnitee to the extent Indemnitee has otherwise actually
received payment (under any valid and collectable insurance policy or under a valid and
enforceable indemnity clause or agreement (excluding this Letter of Indemnification), or
otherwise) of the amounts otherwise indemnifiable hereunder, except in respect of any
excess beyond the payment under such insurance, clause or agreement. Any amounts paid to
Indemnitee under such insurance policy or otherwise after the Company has indemnified the
Indemnitee for such liability or Expense shall be repaid to the Company promptly upon
receipt by Indemnitee.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|7. | EFFECTIVENESS.
|-- | --------------

| | This
Agreement shall be of full force and effect immediately upon its execution subject to the
requisite Shareholders approval, which the Company shall endeavor to obtain.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|8. | NOTIFICATION
AND DEFENSE OF CLAIM.
|-- | ----------------------------------

| | Promptly
after receipt by Indemnitee of notice of a threat or the commencement of any action, suit
or proceeding (including any proceedings by or against the Company and any subsidiary
thereof), Indemnitee will notify the Company of the threat or commencement hereof; but
the omission so to notify the Company will not relieve it from any liability unless and
to the extent that such failure to provide notice materially prejudices the Companys
or Indemnitees ability to defend such action. Notice to the Company shall be
directed in writing to the Chairman of the Board of Directors of the Company at the
address shown on the signature page of this Agreement (or such other address as the
Company shall designate in writing to Indemnitee) or if the Indemnitee is then the
Chairman of the Board of Directors, such notice shall be directed to the Chief
Executive Officer of the Company. In addition, the Indemnitee must advise the Company on
an ongoing and current basis concerning all events, which the Indemnitee suspect may give
rise to the initiation of legal proceedings against him. With respect to any such action,
suit or proceeding as to which Indemnitee notifies the Company of the commencement
thereof and without limitation of Sections 1.1 and 2:
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| | 8.1. | The
Company will be entitled to participate therein at its own expense; and
| | ---- | ---------------------------------------------------------------------------

| | 8.2. | Except
in the event that there is a conflict of interest between the Company and
               the Indemnitee in the conduct of the defense of such action, suit or
proceeding,                to the extent that it may wish, the Company jointly with any
other indemnifying                party similarly notified will be entitled to assume the
defense thereof. After                notice from the Company to the Indemnitee of its
election to assume the defense                thereof, the Company will not be liable to
Indemnitee under this Agreement for                any legal or other expenses
subsequently incurred by Indemnitee in connection                with the defense thereof
except as provided above. Indemnitee shall have the                right to employ its
counsel in such action, suit or proceeding, but the fees and                expenses of
such counsel incurred after notice from the Company of its                assumption of
the defense thereof shall be at the expense of the Indemnitee
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8.3. | The
Company shall not be liable to indemnify the Indemnitee under this Agreement
               for any amounts paid in settlement of any action or claim effected without
its                written consent. The Company shall not settle any action or claim in
any manner                which would impose any penalty or limitation on the Indemnitee
without the                Indemnitees written consent provided that the Indemnitees
consent                shall not be required if the settlement includes a complete
release of                Indemnitee, does not contain any admittance of wrong-doing by
Indemnitee, and is                monetary only.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8.4. | In
the case of criminal proceedings the Company and/or its legal counsel will
               not have the right to plead guilty in the Indemnitees name or agree
to a                plea-bargain in the Indemnitees name without the Indemnitees
prior                written consent. Neither the Company nor the Indemnitee will
unreasonably                withhold their consent to any proposed settlement.
Furthermore, in a civil                proceeding (whether before a court or as a part of
a compromise arrangement),                the Company and/or its counsel will not have
the right to admit to any                occurrences that are not indemnifiable pursuant
to this Indemnification                Agreement and/or pursuant to law, without the
Indemnitees written consent.                However, the aforesaid will not prevent
the Company and/or its counsel as                aforesaid, with the approval of the
Company, coming to a financial arrangement                with a plaintiff in a civil
proceeding without the Indemnitee consent so long as                such arrangement will
not be an admittance of a wrong doing not indemnifiable                pursuant to this
Indemnification Agreement.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|9. | NON-EXCLUSIVITY.
|-- | ----------------

| | The
rights of the Indemnitee hereunder shall not be deemed exclusive of any other rights he
may have under the Companys Articles of Association or applicable law or otherwise.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|10. | BINDING
EFFECT.
|--- | ---------------

| | The
right to be indemnified under this Agreement shall be binding upon and inure to the
benefit of and be enforceable by the parties hereto and their respective successors. This
Agreement shall continue in effect during the Indemnification Period, regardless of
whether Indemnitee continues to serve as an officer or director of the Company or of any
other enterprise at the Companys request. The Companys undertaking under this
Indemnification Agreement shall remain in full force and effect at all times, and shall
continue to apply towards the Indemnitee after he ceases to serve as an director and /or
officer with respect to Damages incurred as a result of Indemnifiable Events which
occurred during the time his served, and in his capacity as an director and /or officer.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | For
the avoidance of doubt, This Indemnification Agreement shall not be construed as an
agreement for the benefit of a third party, including an insurance company.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------

|11. | SEVERABILITY.
|--- | -------------

| | If
any provision of this Agreement is found by a court of competent jurisdiction to be
invalid or void or unenforceable, such provisions, to the extent possible shall be
severed from this Agreement, all of the other provisions shall remain in effect, and
neither party shall have any claim against the other in such event. Furthermore, if such
invalid or unenforceable undertaking may be modified or amended so as to be valid and
enforceable as a matter of law, such undertakings will be deemed to have been modified or
amended, and any competent court or arbitrator are hereby authorized to modify or amend
such undertaking, so as to be valid and enforceable to the maximum extent permitted by
law.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|12. | GOVERNING
LAW.
|--- | --------------

| | This
Agreement shall be exclusively governed by and construed, interpreted and enforced in
accordance with the laws of the State of Israel. The competent court in Tel Aviv, Israel
shall have sole and exclusive jurisdiction regarding any dispute or claim arising
hereunder.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|13. | NOTICE.
|--- | -------

| | All
notices and other communications required or permitted hereunder shall be in writing,
shall be effective when given, and shall in any event be deemed to be given (a) five (5)
days after deposit with the applicable postal service, if delivered by first class
registered mail, postage prepaid, (b) upon delivery, if delivered by hand, (c) one
business day after the business day of deposit with Federal Express or similar overnight
courier, freight prepaid, or (d) one day after the business day of delivery by facsimile
transmission, if deliverable by facsimile transmission, with copy by first class
registered mail, postage prepaid, and shall be addressed if to Indemnitee, at each
Indemnitees address as set forth beneath the Indemnitees signature to this
Agreement and if to the Company at the address of its principal corporate offices
(attention: Secretary) or at such other address as such party may designate by ten (10)
days advance written notice to the other party hereto.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|14. | ENTIRE
AGREEMENT AND TERMINATION.
|--- | ---------------------------------

| | This
Agreement represents the entire agreement between the parties; and there are no other
agreements, contracts or understandings between the parties with respect to the subject
matter of this Agreement. No termination or cancellation of this Agreement shall be
effective unless in writing and signed by both parties hereto.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|           | 
|---------- | 
|
|
|
|
|Eltek Ltd. | 
|           | 
|          
|By:        | 
|           | 
|          
|Address:   | 
|           | 
|          
|          
|Indemnitee | 
|           | 
|          
|Name:      | 
|           | 
|          
|Address:  
|           | 



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# SCHEDULE A

# TYPE OF EVENTS



|1. | Negotiations,
execution, delivery and performance of agreements on behalf of the Company including,
inter alia : Any claim or demand made by a customer, suppliers, contractors or other
third parties transacting any form of business with the Company, its subsidiaries or
affiliates, in the ordinary course of their business, relating to the negotiations or
performance of such transactions, representations or inducements provided in connection
thereto or otherwise.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Any
claim or demand made in connection with any transaction not in the ordinary course of
business of either the Company, its subsidiaries or affiliates or the party making such
claim, including the sale, lease or purchase of any assets or business.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2. | Anti-competitive
acts and acts of commercial wrongdoing.
|-- | --------------------------------------------------------

|3. | Acts
in regard of invasion of privacy including with respect to databases and acts in regard
of slander.
|-- | --------------------------------------------------------------------------------------------------------

|4. | Any
claim or demand made for actual or alleged infringement, misappropriation or
               misuse of any third partys intellectual property rights including,
but not                limited to confidential information, patents, copyrights, design
rights, service                marks, trade secrets, copyrights, misappropriation of
ideas by the Company,                its subsidiaries or affiliates.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Actions
taken in connection with the intellectual property of the Company and its protection,
including the registration or assertion of rights to intellectual property and the
defense of claims relating thereof.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5. | Participation
and/or non participation at the Companys board meetings, bona fide expression of
opinion and/or voting and/or abstention from voting at the Companys board meetings.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6. | Approval
of corporate actions including the approval of the acts of the Companys management,
their guidance and their supervision.
|-- | -----------------------------------------------------------------------------------------------------------------------------------

|7. | Claims
of failure to exercise business judgement and a reasonable level of proficiency,
expertise and care in regard of the Companys business.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------



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|8. | Violations
of securities laws of any jurisdiction, including without limitation, fraudulent
disclosure claims, failure to comply with SEC and/or the Israeli Securities Authority
and/or any stock exchange disclosure or other rules and any other claims relating to
relationships with investors, shareholders and the investment community and any claims
related to the Sarbanes-Oxley Act of 2002, as amended from time to time.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Any
claim or demand made under any securities laws or by reference thereto, or related to the
failure to disclose any information in the manner or time such information is required to
be disclosed pursuant to such laws, or related to inadequate or improper disclosure of
information to shareholders, or prospective shareholders, or related to the purchasing,
holding or disposition of securities of the Company or any other investment activity
involving or affected by such securities , including any actions relating to an offer or
issuance of securities of the Company or of its subsidiaries and/or affiliates to the
public by prospectus or privately by private placement, in Israel or abroad, including
the details that shall be set forth in the documents in connection with execution thereof.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|9. | Violations
of laws requiring the Company to obtain regulatory and governmental licenses, permits and
authorizations or laws related to any governmental grants in any jurisdiction.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|10. | Claims
in connection with publishing or providing any information, including any filings with
any governmental authorities, on behalf of the Company in the circumstances required
under any applicable laws
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|11. | Any
claim or demand made by employees, consultants, agents or other individuals
               or entities employed by or providing services to the Company relating to
               compensation owed to them or damages or liabilities suffered by them in
               connection with such employment or service.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Resolutions
and/or actions relating to employment matters of the Company and/or its subsidiaries
and/or affiliates.
| | -------------------------------------------------------------------------------------------------------------------

| | Events,
pertaining to the employment conditions of employees and to the employer  employee
relations, including the promotion of workers, handling pension arrangements, insurance
and saving funds, options and other benefits.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|12. | Any
claim or demand made by any lenders or other creditors or for moneys
               borrowed by, or other indebtedness of, the Company, its subsidiaries
or                affiliates.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|13. | Any
claim or demand made by any third party suffering any personal injury and/or bodily
injury and/or property damage to business or personal property through any act or
omission attributed to the Company, its subsidiaries or affiliates, or their
respective employees, agents or other persons acting or allegedly acting on their behalf.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|14. | Any
claim or demand made directly or indirectly in connection with complete or
               partial failure, by the Company or any subsidiary or affiliate thereof, or
their                respective directors, officers and employees, to pay, report, keep
applicable                records or otherwise, of any foreign, federal, state, country,
local, municipal                or city taxes or other compulsory payments of any nature
whatsoever, including                without limitation, income, sales, use, transfer,
excise, value added,                registration, severance, stamp, occupation, customs,
duties, real property,                personal property, capital stock, social security,
unemployment, disability,                payroll or employee withholding or other
withholding, including any interest,                penalty or addition thereto, whether
disputed or not.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|15. | Any
claim or demand made by purchasers, holders, lessors or other users of
               products or assets of the Company, or individuals treated with such
products,                for damages or losses related to such use or treatment.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|16. | Any
administrative, regulatory or judicial actions, orders, decrees, suits,
               demands, demand letters, directives, claims, liens, investigations
proceedings                or notices of noncompliance or violation by any governmental
entity or other                person alleging potential responsibility or liability
(including potential                responsibility or liability for costs of enforcement,
investigation, cleanup,                governmental response, removal or remediation, for
natural resources damages,                property damage, personal injuries, or
penalties or contribution,                indemnification, cost recovery, compensation,
or injunctive relief) arising out                of, based on or related to (x) the
presence of, release spill, emission,                leaking, dumping, pouring, deposit,
disposal , discharge, leaching or migration                into the environment (each a
Release) or threatened Release of, or                exposure to, any
hazardous, toxic, explosive or radioactive substance, wastes or                other
substances or wastes of any nature regulated pursuant to any environmental
               law, at any location, whether or not owned, operated, leased or managed by
the                Company or any of its subsidiaries, or (y) circumstances forming the
basis of                any violation of any environmental law, environmental permit,
license,                registration or other authorization required under applicable
environmental                and/or public health law.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|17. | Actions
in connection with the Companys testing of products and/or                in
connection with the sale, distribution, license or use of such products.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------



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|18. | Resolutions
and/or actions relating to a merger of the company and/or of its
               subsidiaries and/or affiliates, the issuance of shares or securities
exercisable                into shares of the Company, changing the share capital of the
Company, formation                of subsidiaries, reorganization, winding up or sale of
all or part of the                business, operations or shares the Company.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19. | Resolutions
and/or actions relating to investments in the Company and/or its
               subsidiaries and/or affiliated companies and/or the purchase or sale of
assets,                including the purchase or sale of companies and/or businesses,
and/or                investments in corporate or other entities and/or investments in
traded                securities and/or any other form of investment.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|20. | Act
or omission resulting in the failure to maintain appropriate insurance
               and/or inadequate safety measures and/or a malpractice of risk management.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------

|21. | Any
administrative, regulatory or judicial actions, orders, decrees, suits,
               demands, demand letters, directives, claims, liens, investigations,
proceedings                or notices of noncompliance or violation by any governmental
entity or other                person alleging the failure to comply with any statute,
law, ordinance, rule,                regulation, order or decree of any of its
subsidiaries and/or affiliates, or any                of their respective business
operations.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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